Requirement (A)

Use the Centage/IOMA survey to answer each of the following questions, and share them with your classmates in your post. (Scan the document - finding the information should take you no more than 20 minutes):

1.What are cited as the two most common pain points of budgeting?

2.What percentage of companies that participated in the survey said that they prepare annual budgets?

3.What is the most common length of time spent on the annual budgeting cycle?

4.When evaluating variances from budgeted amounts, what was the most commonly defined range of acceptable tolerance levels?

5.The budget adds value in a number of different ways. Of those companies that prepare budgets, how important is the budget in managing cash flows?

6.The study defines three types of consequences for varying from budgeted amounts. What types of severe consequences are noted?